Gitcoin (GTC) is a Ethereum-A governance token-based project on the Gitcoin network that aims to unite people who are interested in the future of the open network and want to participate in its development. Gitcoin mainly focuses on community building and sharing opportunities within the community. It provides a platform to connect “builders” (developers, designers, etc.) with:
- Each other, so they can develop their own ideas and collaborate on interesting open source projects
- Supporters seeking new and exciting investments to obtain project funding.
As a developer on the platform, there are many ways to make money, such as participating in a hackathon, competing for grants, or earning bounties. However, it is also encouraged to build simple relationships or help each other learn. Gitcoin has been recognized and recognized by Vitalik Buterin and others, and has been highly praised in the encryption field.
Considering the ideology and mission of Gitcoin, it is not surprising that the governance of the project is based on the community. Gitcoin (GTC) is the token used in this process. It was launched in May 2021 when it was claimed by “builders” and financing providers. These tokens are not used for transaction fees or any other payments in the network, their utility lies only in their voting rights.
Gitcoin (GTC) is not a means of payment, but just a way to manage the network-or the Gitcoin team claims that it is, but its price is as susceptible to fluctuations as any other asset. Gitcoin began trading in late May 2021, and its price rose from around US$3 to almost immediately broke the US$9 mark. It fell to a more modest $4.5 to $5 in about a week, but then rebounded on June 11 and reached $18.05. This may be due to the commotion caused by some (failed) witch attacks and subsequent community efforts to establish Defend against them. Later, the price of Gitcoin climbed again, but what is surprising in this market is that it has been trending upwards or at least sideways since late June. By early July, this meant that it was mainly hovering above $7.
Although it is almost impossible to perform 100% accurate technical analysis of the Gitcoin cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time aggregated GTC trading ratings within the selected time frame. The summary of GTC/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable price predictions for Gitcoin (GTC) from popular prediction platforms.
According to WalletInvestor, the price of Gitcoin will fall from US$5.726 to US$0.953 within a year. This makes GTC a bad investment. The long-term profit potential is -83.36%.
When answering the question of whether Gitcoin is a good investment, TradingBeasts answered yes. From the perspective of 2021, the price of the token is expected to reach US$6.16716 and drop to US$11.36600 by the end of 2022.
In DigitalCoin’s analysis, the price of Gitcoin cryptocurrency will rise from today’s $0 to $0 in the next 5 years. It will rise to $0 by 2022 and begin to decrease in 2023-2024. Based on this prediction, Gitcoin is a profitable long-term investment.
From the analysis cited above, it is clear that Gitcoin (GTC) forecasts are quite contradictory. There is no general consensus on whether the future GTC price trend will be positive or negative. In fact, the possible future growth depends on various factors: announcements, new technical solutions for the Gitcoin project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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